Welcome to SBS Lending
Your Path to Homeownership Starts Here
At SBS Lending, we believe your dream home shouldn’t be out of reach. Our tailored home loan solutions are designed to make buying, building, or refinancing simple and stress-free. With competitive rates, flexible terms, and expert guidance every step of the way, we’re here to help you turn the key to your future. Whether you’re a first-time buyer or upgrading your space, SBS Lending makes home happen.
FAQS
Frequently Asked Questions
Q: How much of a deposit do I need to buy a house in Sydney?
A: Generally, you’ll need at least 5% of the property’s purchase price as a deposit, but saving 20% can help you avoid paying Lenders Mortgage Insurance (LMI). LMI is a fee that protects the lender, not you, if you default on your loan. In a high-priced market like Sydney, the deposit amount is often the biggest hurdle for first-home buyers.
Q: What is stamp duty and how much will I pay in NSW?
A: Stamp duty is a state government tax on property purchases. The amount you pay depends on the property’s value. New South Wales offers stamp duty exemptions and concessions for first-home buyers for properties up to certain price thresholds, which can save you tens of thousands of dollars. You can use our calculator on the site to get an accurate estimate for your situation.
Q: What is a comparison rate?
A: A comparison rate includes the loan’s interest rate plus most fees and charges associated with the loan, like application and ongoing fees. It gives you a more accurate picture of the true cost of the loan and helps you compare different products more easily.
Q: What is home loan pre-approval?
A: Pre-approval is a conditional offer from a lender that gives you an indication of how much you can borrow before you’ve found a property. It’s a great tool in a competitive market like Sydney because it shows real estate agents and sellers that you’re a serious buyer. It also gives you a clear budget to work with.